Comments on: Bernanke: Crisis coming if debt ceiling is not liftedhttp://www.capitolhillblue.com/node/41160
The oldest political news site on the InternetFri, 09 Dec 2016 00:05:48 +0000hourly1https://wordpress.org/?v=4.7By: Carl Nemohttp://www.capitolhillblue.com/node/41160/comment-page-1#comment-162450
Thu, 16 Jun 2011 02:26:01 +0000http://www.capitolhillblue.com/?p=41160#comment-162450Why should this guy care…? Bernanke along with his associate Geithner in Treasury have been intentionally destroying the USD via their legalized counterfeiting scam of printing trillions of dollars that aren’t backed a healthy economy, low inflation, low unemployment etc. Instead they are trying to inflate their way out of debt along with the Federal Reserve purchasing our debt. It’s as if our nation in its death throes is devouring itself tail first, onward to the head in voracious, bite sized chunks.

The Chinese have been net sellers of US Treasuries for the past five months and soon plan on ceasing the purchase of our debt…period! When they balance risk vs. reward, we’re now classed a deadbeat nation. A recent Weiss report rating sovereign debt of about 48 nations, the US was lower than Bulgaria and near the bottom with on Greece and a few others below us…ouch!

The phony stock market ramp up we’ve witnessed during the past several years is a function of the largest companies having gone global while depending on an ever-cheapened dollar to plump their bottomline.

Now with Greece dying like a slug in the noonday sun is causing tremors within the Euro based community. Investors are fleeing the Euro and foolishly moving their assets into USD and Treasury debt little realizing they are being headed into a box canyon to their imminent financial destruction. When our credit rating is downgraded from AAA, existing bonds will lose their value due to the necessity of having to pay higher interest on new issues, virtually sticking current bond holders with huge losses.

It’s truly a ‘sick paradigm’ when our markets depend on a cheap, almost worthless dollar in order to show a profit. This demonstrates that their ‘free trade’ scam, not based on “fair trade” principles is finally blowing up in their collective faces.

We truly have a bunch of greedy, short-sighted fools at the helm of the USS America. They’re still steaming at flank speed through a known iceberg field of impending financial destruction. Rest assured they have lifeboats for themselves, but sold the rest to some short-fingered boat trader in the last port of call all for a few dollars, euros or shekels more. / : |